Royalty Interest definition

Royalty Interest is defined in Section 1.01.

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Royalty Interest means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

Royalty Interest means the fee holder's share in the production from a well.

Examples of Royalty Interest in a sentence

• Each of the Partners agrees that the Royalty Interest shall be deemed for all purposes hereunder to have a Fair Value equal to the investment amount as set forth on Schedule I hereto as of the date hereof (the “Ukraine Initial Contribution”).

• Subject to the foregoing, in the event of any claim (including by any third party) related to the Partnership’s ownership of or entitlement to the Royalty Interest, Ukraine shall take all actions deemed necessary by the Board to ensure that the Partnership retains ownership of the Royalty Interest.

• The Partnership will transfer to the Investment Account an amount up to 100% of Fund Project Earnings and Royalty Interest Earnings (at such times and in such amounts as determined by the General Partner) for reinvestment in Eligible Projects as further specified in Schedule II hereto and subject to such other terms and conditions laid out herein and as shall be established by the General Partner and approved by the USA Managers in their sole discretion.

• On the date hereof, Ukraine contributes the Royalty Interest into the Partnership as of the date hereof.

• Ukraine hereby irrevocably waives and agrees not to assert any claim arising from or related to the Partnership’s ownership of or entitlement to the Royalty Interest, the validity of the formation of the Partnership or the Partners’ entry into the Partnership, the Ukraine Initial Contribution (including its Fair Value), the DFC Initial Contribution (including its Fair Value), or the validity of the issuance of partnership interests to DFC, whether in exchange for the DFC Initial Contribution or otherwise.

More Definitions of Royalty Interest

Royalty Interest means an interest in an oil and natural gas property entitling the owner to shares of oil and natural gas production, free of costs of exploration, development and production operations.

Royalty Interest or “RI” means an interest in production which results from an ownership in the mineral fee estate or royalty estate in the relevant land and which is free of any obligation for the expense of exploration, development, and production, bearing only its pro rata share of severance, production, and other similar taxes and, in instances where the document creating the royalty interest so provides, costs associated with compression, dehydration, other treating or processing or transportation of production of oil, gas, or other minerals relating to the marketing of such production.

Royalty Interest means (a) an expense-free interest in any Property retained by a mineral lessor in a Lease, (b) an overriding royalty in any Property reserved by or conveyed to a Person, or (c) any other expense-free right to receive production or revenues from any Property.

Royalty Interest means the right to, or an

Royalty Interest means an interest in a natural gas and oil lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

Royalty Interest means that share of the product or profit that the owner of the land or mineral rights in the land reserves or is entitled to, whether under a lease or under this part, in consideration of permitting the development of the mineral rights. Royalty interest does not include oil or gas or interests in oil or gas.

Royalty Interest. (as defined in the Conveyances) has been conveyed and assigned to Mortgagee, as applicable, from Mortgagor and ▇▇▇▇▇▇▇▇▇ Sub. Capitalized terms used herein and not otherwise defined shall have the meanings given such terms in the Conveyances.